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Depreciation and Budgetary Control

Learn the cost control cycle and how it fits in to the life cycle of a construction project.

Depreciation and Budgetary Control
  • Duration

    2 weeks
  • Weekly study

    10 hours

Understand the best ways to execute cost control for a construction project

This online course is designed to help you understand Earned Value Analysis (EVA). It covers the tools and techniques of the work breakdown structure, right through to the successful delivery of regular earned value reports to aid decision-making in construction projects.

The course will assist you to understand how to apply proven methods for preparing estimates, developing and tracking budgets, and use EVA to ensure that the forecast benefits and Return On Investment (ROI) are achieved in construction projects.

What topics will you cover?

  • Managing liquidity
  • Earned Value Analysis, its principles and benefits for a construction project
  • Earned Value Management principles and benefits
  • Earned Value Management system review

Learning on this course

You can take this self-guided course and learn at your own pace. On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Evaluate how to manage liquidity and working capital
  • Explore the meaning of Earned Value Analysis and its importance in construction
  • Evaluate appraising performance: ratio analysis to appraise profitability, liquidity, efficiency and risk
  • Assess cost, volume and profit techniques in the analysis of construction firms

Who is the course for?

This course is for people seeking a better understanding of cost control cycle, how it fits in the life cycle of a construction project and the best ways to execute cost control for a construction projects.

Please note that the staff described in the ‘Who will you learn with?’ section below may be subject to change.

Who will you learn with?

Senior Lecturer Quantity Surveying/Project Management
Course Director BSc (HON) Quantity Surveying/Commercial Management
Faculty of Engineering & Computing Coventry University

Who developed the course?

Coventry University

Coventry secured gold in the UK Government’s 2017 Teaching Excellence Framework (TEF) and is University of the Year for Student Experience in The Times & The Sunday Times Good University Guide 2019.

  • Established

    1992
  • Location

    Coventry

Learning on FutureLearn

Your learning, your rules

  • Courses are split into weeks, activities, and steps, but you can complete them as quickly or slowly as you like
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control

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